AUSTRALIAN-LISTED health, veterinary and government portal developer 1ST Group Limited has provided a market update advising a record increase in sales during the quarter ending 30 June.
New contracts sold in the June quarter of FY17 (Q4) increased 1ST Group's MRR by $43k, a quarterly record for the company and an increase of 169% from $16k in the previous quarter.
The numbers include an increase in $516k in annual recurring subscription revenue.
1ST Group md Klaus Bartosch said, "We are very pleased that the strategic marketing investments made in Q3 and Q4 have accelerated new subscription sales and the uptake of our other new products.
"We have experienced significant growth through the roll out of new services particularly in the optometry, pharmacy and pet markets."
Details of usage fees earned and growth during the quarter will be provided in the company's Q4 FY17 quarterly update later in July.
The above article was sent to subscribers in Pharmacy Daily's issue from 05 Jul 17
To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 05 Jul 17
